The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ORANGE COUNTY NEWS
Printer-friendly Version   Email an Associate
Tustin Rehabilitation Hospital Trades for $18 Mil

11/15/21

Tustin Rehabilitation Hospital, a 73.2k sf medical property comprising two buildings in Tustin, was purchased by an unnamed healthcare investor/operator for $18 mil ($246/sf). We’re told it is currently the only freestanding facility of its kind in Orange County.

Located at 14851 Yorba St and 165 N Myrtle Ave, the asset respectively consists of a single-story, 17.2k sf skilled nursing facility (SNF), which is currently vacant, and a two-story, 56k sf, 48-bed inpatient rehabilitation facility (IRF) which will become vacant by the end of this year.

The seller was an affiliate of Ventas, one of the world’s foremost diversified Real Estate Investment Trusts that invests in senior living communities, life science, research & innovation properties, medical office & outpatient facilities and other healthcare real estate. The seller was represented by Travis Ives and Gino Lollio of Cushman & Wakefield’s US Healthcare Capital Markets Team.

“Orange County continues to grow as a highly desirable coastal location with worldclass lifestyle and entertainment amenities for residents and employers,” commented Ives. “And as the need for healthcare services and therefore real estate continues to increase across Southern California, this facility is an ideal opportunity in a high barrier-to-entry, in-fill location.”





Return to the Archive page


 


 
 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media